Debit fraud at Michaels now includes 20 states
May 12, 2011
Total Loss:
To be determined
Michaels Stores says the debit card fraud stemming from tampered checkout terminals is far more pervasive than initially thought, encompassing not just Illinois but 19 other states.
The scope of the crime has surprised security experts and exposed the vulnerabilities of debit cards, a method of payment that many shoppers have come to rely on for everyday purchases.
Debit card fraud is worse for consumers than fraud involving credit cards because...
Source:
Chicago Tribune
Posted in:
Debit Card Fraud